Bombshell news out of D.C…. and it has nothing to do with Donald Trump OR Joe Biden.
According to a report from Breitbart, the Department of Justice (DOJ) DROPPED investigations into allegations that three senators engaged in insider trading before the coronavirus stock market turmoil.
DOJ prosecutors announced that they have closed the insider trading investigations against Sens. Kelly Loeffler (R-GA), James Inhofe (R-OK), and Dianne Feinstein (D-CA).
However, the Justice Department WILL continue the investigation against Sen. Richard Burr (R-NC).
According to the report, Feinstein, Loffler, and Inhofe have contended that their investment advisers made the trades and that they did not learn of them until after the fact.
Loeffler, who is running for reelection in a jungle primary against Rep. Doug Collins (R-GA), said that the closure of the investigation serves as a “clear exoneration” of Loeffler.
Loeffler announced in April that she and her husband Jeffrey Sprecher, the chairman of the New York Stock Exchange, would divest from individual stocks after facing criticism for her alleged insider trading.
But the news isn’t as good for Burr. Burr recently stepped down as the Senate Intelligence Committee chairman. He reportedly sold between $628,000 and $1.7 MILLION in a single day in February.
Sen. Marco Rubio (R-FL) now serves as the acting Intelligence chairman. Burr reportedly had more direct involvement in his trades compared to the other senators.
The Federal Bureau of Investigation (FBI) began the broad investigation after reports suggested that members of Congress, their spouses, or their investment advisers sold hundreds of thousands of shares of stock after lawmakers were briefed about the threats posed by the coronavirus.
We will continue to monitor this story… especially any news with Burr.